The European Parliament approved a €90 billion loan for Ukraine for 2026-2027.

The European Parliament has supported the proposal for a Council decision to activate enhanced cooperation to create a €90 billion Loan for Ukraine in 2026–2027.

This was reported by a correspondent for European Pravda.

The decision adopted by the European Parliament authorises the establishment of a credit mechanism within the framework of enhanced cooperation and will enter into force after formal approval by the Council of the European Union.

The document notes that financial assistance to Ukraine should be allocated no later than the second quarter of 2026. The €90 billion loan is planned to be provided through EU borrowing on capital markets, which will be secured by the Union’s budget reserves.

At the same time, the decision clarifies that the use of EU budgetary resources as loan guarantees will not affect the financial obligations of the Czech Republic, Hungary, and Slovakia.

In justifying the need for such a step, the European Parliament emphasized that financial support for Ukraine helps mitigate the consequences of Russian aggression for the EU’s security and economy. A defeat for Ukraine, according to MEPs, would increase the risk of aggression against EU member states or neighboring countries and would have serious direct and indirect economic consequences for the European Union.

Earlier, the European Parliament supported the use of an accelerated procedure for considering the provision of large-scale financial assistance to Ukraine – a loan of 90 billion euros.